government payments

There are several reasons behind the USDA forecasting a 21% drop in net cash income for farmers this year, but one of the more obvious reasons is the roughly 34% drop in government payments.  USDA chief economist Seth Meyer said 2023 will mark a couple of years in a row of direct government payments declining.  Meyer s...

Predicting the health of the Washington farm economy in 2022 looks to be more challenging than a typical year. Washington State University’s Dr. Randy Fortenbery said one of the most notable changes will come in the form of an elimination of government subsidies and payments. The ...